26
26
Dec 20, 2012
12/12
by
CNBC
quote
eye 26
favorite 0
quote 1
although, you know, for the uk economy, the consumer sector is not the weakest point. i think what is interesting about the uk economy in the last six months is this quite stronger than expected growth. if you look at the gdp number. but a very worrisome trend. so a liberal market that remains very, very firm with respect to other similar economic weakness. and i think that is what we really have to solve on the uk economy to know if this relativerelativ relatively soft, but also, i mean, rather encouraging if you look at other european countries numbers. i think we will have to wait until well into next year to understand if this is going to have a long-lasting consequences on the uk economy and also on the consumer sector. it's too early to say.
although, you know, for the uk economy, the consumer sector is not the weakest point. i think what is interesting about the uk economy in the last six months is this quite stronger than expected growth. if you look at the gdp number. but a very worrisome trend. so a liberal market that remains very, very firm with respect to other similar economic weakness. and i think that is what we really have to solve on the uk economy to know if this relativerelativ relatively soft, but also, i mean,...
187
187
Dec 21, 2012
12/12
by
CNBC
tv
eye 187
favorite 0
quote 0
. >> well, as far as the uk stock market is concerned, people focus often on the uk economy. the economy next year could do a bit better than this year. it may be the economy that shows the biggest improvement, believe it or not, in its gdp growth rate. that improvement, though, we think is flattering the underlying reality. but stock markets, the uk stock market is a little about the like chelsea, arsenal and man dhefter city. a lot of the glamorous, exciting players are not based in the uk to begin with. it's an international stock market and it's very dominated by the resources sector. we quite like energy, but we're not so keen on the materials. we don't think the uk is going to do as well as the s&p or the euro stocks. we're expecting markets to be more strong because local expectations are going to be overly depressed and they matter. >> kevin, briefly, what about the yen? this seems to be one of the biggest stories for the bank of japan. do you bet on the bank of japan here? >> we expect them to loosen and of coursively push the yen down. the only qualification one has
. >> well, as far as the uk stock market is concerned, people focus often on the uk economy. the economy next year could do a bit better than this year. it may be the economy that shows the biggest improvement, believe it or not, in its gdp growth rate. that improvement, though, we think is flattering the underlying reality. but stock markets, the uk stock market is a little about the like chelsea, arsenal and man dhefter city. a lot of the glamorous, exciting players are not based in the...
151
151
Dec 5, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make this distinction between avoidance and evasion. evasion is illegal. avoidance is looking at the law and seeing what opportunities there are to minimize costs and tax is just another cost of doing business. >> so the long and the short of it is successive governments, whether they be coalition, torrey, labor governments have made a right mess. why is that this tone that is so complicated that creates all these opportunities for avoidance? >> it's because people have built anti-avoidance legislation on anti-avoidance legislation rather than actually thought about what they're trying to tax. but part of the problem with the u.s. companies from the government's perspective is that the international tax regime worked quite well when profits tended to be made in the same country that sales are made in, but the pac have got excited about the fact that sales are hig
the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make this distinction between avoidance and evasion. evasion is illegal. avoidance is looking at the law and seeing what opportunities there are to minimize costs and tax is just another cost of doing business. >> so the long and the short of it is successive governments,...
193
193
Dec 18, 2012
12/12
by
CNBC
tv
eye 193
favorite 0
quote 0
uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this year. if it weren't for the fiscal cliff, this is actually a big source of stimulus for households. absolutely. i don't want to make too much about it, but the biggest attacks oeft with the and elevated since the mid '70s, it could be coming to an end. so i think that is something we need to be aware of. the annual fuel rate in the uk is about 15 billion to consumers. you're looking at another percent on income. so as i'm sitting down righting the income for next year, it's not all doom and gloom, the mood is similar to last year where next year it's too horrendous to count. >>
uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this year. if it weren't for the fiscal cliff, this is...
22
22
Dec 6, 2012
12/12
by
CNBC
quote
eye 22
favorite 0
quote 1
international competitors, our economy here in the uk is growing by 0.6%, whereas in germany, we've seen growth of 3.6%. in the u.s., growth of #.1% during the same period. so certainly not a cause for celebration. still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you were talking quite rightly about the low level of
international competitors, our economy here in the uk is growing by 0.6%, whereas in germany, we've seen growth of 3.6%. in the u.s., growth of #.1% during the same period. so certainly not a cause for celebration. still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr...
223
223
Dec 3, 2012
12/12
by
CNBC
tv
eye 223
favorite 0
quote 0
and uk over those libor claims. it's monday, a new month for us here, december 3rd, 2012, and "squawk box" begins right now.
and uk over those libor claims. it's monday, a new month for us here, december 3rd, 2012, and "squawk box" begins right now.
243
243
Dec 20, 2012
12/12
by
CNBC
tv
eye 243
favorite 0
quote 1
that gilt in the uk, keeping an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor, sell the fact move. now, house republicans plan to bring their tax bill to a floor vote today. this as tensions over the white house over the fiscal cliff have started to rise. it's unclear what the bill, known as plan b, will look like. house speaker john boehner has reportedly added spending cuts to convince members it will be worth the vote. president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have
that gilt in the uk, keeping an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor,...
305
305
Dec 11, 2012
12/12
by
CNBC
tv
eye 305
favorite 0
quote 0
uk based assets of a failing u.s. bank. the offer, which was not reciprocated, is part of an attempt by regulators in controlling the risk of institutions collapsing. >>> and the 20th position to hold a ceo at a fortune 500 case. and 16.6% are at the broad end of the fortune 500 firms. with more on the catalyst 2012 fortune 500 consensus is deborah gillis. deborah, thanks for joining us. why has the number not improved in sort of seven years? >> well, if you say it's been seven years and barely any movement in terms of women's representation on -- and, in fact, very little movement over the last three years for women in executive officer positions. why is that? it's certainly not a supply problem. we know that there are many women with the skills and experience to serve on corporate boards. in fact, our research shows that if you look at the executive officer pool and the fortune 500, there are 710 women with the skills and experience to serve on corporate boards. so we really need to dispel the myth that it's the sup
uk based assets of a failing u.s. bank. the offer, which was not reciprocated, is part of an attempt by regulators in controlling the risk of institutions collapsing. >>> and the 20th position to hold a ceo at a fortune 500 case. and 16.6% are at the broad end of the fortune 500 firms. with more on the catalyst 2012 fortune 500 consensus is deborah gillis. deborah, thanks for joining us. why has the number not improved in sort of seven years? >> well, if you say it's been seven...
286
286
Dec 24, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 0
all of us across the uk can expect to see rain coming through today. it is moving, as you say, from west to east. things should start to improve in western areas as we go into the afternoon and the evening. and that, then, brings us into a day for tomorrow where we'll see a mixture of sunshine and showers. so the last of the heaviest rain is beginning to move away from the uk just at the moment. >> helen, hi, it's louisa. we're seeing some pictures as you're speaking of how it's affecting transportation surfaces. have you seeing it affect a large portion of real networks across the uk or is it kind of in certain districts? >> the rail networks have clearly been affected. the rain caused some damage to rail tracks last month down in the southwest. and, of course, with the river so high now, any amount of rain is going to add to difficulties with transport disruption. not only on the rails, but on the roads, as well, because the ground is saturated. because there is nowhere for this new rain that falls to grow. we are not out of the woods when it comes t
all of us across the uk can expect to see rain coming through today. it is moving, as you say, from west to east. things should start to improve in western areas as we go into the afternoon and the evening. and that, then, brings us into a day for tomorrow where we'll see a mixture of sunshine and showers. so the last of the heaviest rain is beginning to move away from the uk just at the moment. >> helen, hi, it's louisa. we're seeing some pictures as you're speaking of how it's affecting...
175
175
Dec 7, 2012
12/12
by
CNBC
tv
eye 175
favorite 0
quote 0
we have industrial production coming out of the uk. if worse than expected, may get a negative q4 for the uk. italian yields are higher. spanish 5.54, just nudging a little higher. bunds down 1.29d% after the downgrade by the bundesbank, as well. draghi says we discussed it and again a big town great in inflation forecast, as well. some saying maybe they still won't, but it does knock the euro-dollar, 1.29d 25 is where we stand. dollar-yen 82.37. we talked about the yen in relation to what was going on with the earthquake. aussie dollar below 1.05. sterling-dollar just slightly weaker. that's where we stand as far as the european markets are concerned. let's get a wrap of the final trading day in asia this week. >> asian markets wrapped up the week on a mixed note. shanghai composite gained 1.6% and it's up over 4% on the week. stocks related to citi growth continued to surge as the new urbanization plan is aiming to boost investment plan. agriculture stocks up today on support policies. hang seng dragged lower by utility stocks. picc
we have industrial production coming out of the uk. if worse than expected, may get a negative q4 for the uk. italian yields are higher. spanish 5.54, just nudging a little higher. bunds down 1.29d% after the downgrade by the bundesbank, as well. draghi says we discussed it and again a big town great in inflation forecast, as well. some saying maybe they still won't, but it does knock the euro-dollar, 1.29d 25 is where we stand. dollar-yen 82.37. we talked about the yen in relation to what was...
323
323
Dec 6, 2012
12/12
by
CNBC
tv
eye 323
favorite 0
quote 1
they don't think they're operating quite the same way here in the uk. for example, local bank managers relationship managers are not given the sap kind of discretion to make lending decisions in respect to businesses in their community that they know that they see every day. so we have to change the culture in our banks. but there is also a market failure in terms of having a financial services sector of small to medium sized businesses and that's why p opposition is arguing strongly for british investment bank. we're alone in not having a state backed investment institution to plug that market failure. and i think the officer of budget responsibility, our independent fiscal council here, has made clear part of what is holding back growth is this credit problem that we have. now, sure of course the eurozone affects the wholesale money markets, but there are things that you can do domestically to address that. and if you look at, say, sorry to use germany constantly, but during the liquidity crunch in 2009, germany investment bank kfw was able to immedia
they don't think they're operating quite the same way here in the uk. for example, local bank managers relationship managers are not given the sap kind of discretion to make lending decisions in respect to businesses in their community that they know that they see every day. so we have to change the culture in our banks. but there is also a market failure in terms of having a financial services sector of small to medium sized businesses and that's why p opposition is arguing strongly for...
253
253
Dec 13, 2012
12/12
by
CNBC
tv
eye 253
favorite 0
quote 0
>> well, none have is 00% committed in doing so, except the uk and sweden. the others have indicated that they will look into it and there's the expectation they will join. maybe not immediately, maybe somewhere down the road. but at least they want to join. it remains to be seen whether they can join from the word go. in terms of which banks are being supervised, i think this is a typical eu compromise and maybe not a bad one. remember, france wanted all 6,000 banks being supervised. the germans said only 30 or so. we ended up with something closer to 150. and the option for the ecb pinpoint ago problem, even if it's the smaller banks saying, we have a problem there. we have to pull that into our supervision, they can do that. that seems to be the provision that we have here at the moment. so i think everybody could be out there and say, we won a little bit and that's how eu decisions usually work. you have to end up in a consensus that everybody can live with and at least we get a law that deserve tess name on track and then it could become operational in
>> well, none have is 00% committed in doing so, except the uk and sweden. the others have indicated that they will look into it and there's the expectation they will join. maybe not immediately, maybe somewhere down the road. but at least they want to join. it remains to be seen whether they can join from the word go. in terms of which banks are being supervised, i think this is a typical eu compromise and maybe not a bad one. remember, france wanted all 6,000 banks being supervised. the...
207
207
Dec 28, 2012
12/12
by
CNBC
tv
eye 207
favorite 0
quote 0
joining us is allen higgins, chief investment officer for the uk coutts. good morning. >> good morning. >> so we've had 12 years of exposure to gold. you're limiting it now. why? >> it's starting to lag, but more subtly from a portfolio construction perspective, it's lost its negative correlation. for example, quarter 2010, well, euro crisis won when we had equity markets down a lot then gold really surged forward, giving a negative correlation. and so for the portfolio manager at coutts, it has been at times a legal high gold exposure surging upwards in times of stress. for those days seem to have gone. trimming it. that is a fact that there's a real shortage of low risk investments of on german bunch negative. >> but you're saying it's trading like other risk assets at the moment. >> at times, it's correlated with em. so it's less attractive from a portfolio construction perspective as compared to what it was. >> it's fascinating because we've been talking about one theme for 2013 being is it a stock picker's market, are we seeing less differentiation, w
joining us is allen higgins, chief investment officer for the uk coutts. good morning. >> good morning. >> so we've had 12 years of exposure to gold. you're limiting it now. why? >> it's starting to lag, but more subtly from a portfolio construction perspective, it's lost its negative correlation. for example, quarter 2010, well, euro crisis won when we had equity markets down a lot then gold really surged forward, giving a negative correlation. and so for the portfolio...
237
237
Dec 27, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
these are british citizens that have their petition saying we don't want piers to come back to the uk. quite a few british scitizens signed on saying we don't want him. please keep him in the united states and one of the petitions is actually directed towards the uk government saying should the united states decide to demr. morgan, they should reject the deportation. have him stay somewhere in the atlantic, let him hang out there. but -- >> you said you -- you feel bad for piers morgan. you never feel bad for anybody on tv. we all bring it on ourselves. okay. he brought it on himself. any response from him today as a result of all of this stuff? >> he has been on twitter poking -- water off a duck's back, poking fun at it. he had a lot of people on twitter saying come to sierra leone, canada, come here. he wished everyone wishing his deportation a merry christmas the other day. >> he used to work in british tabloids. >> yes. >> i mean -- his skin must be made of kevlar, right? that's one of the dirtiest businesses out there. as we have learned in the last couple of years. >> absolutel
these are british citizens that have their petition saying we don't want piers to come back to the uk. quite a few british scitizens signed on saying we don't want him. please keep him in the united states and one of the petitions is actually directed towards the uk government saying should the united states decide to demr. morgan, they should reject the deportation. have him stay somewhere in the atlantic, let him hang out there. but -- >> you said you -- you feel bad for piers morgan....
233
233
Dec 28, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ag
guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
>> it's really about the access to the uk/u.s. marketplace. it's by far, by 200%, the largest market between europe and the u.s. and delta's had about an 8% market share. with this transaction, we get to second place with about a quarter of the market. >> a lot of people looked at singapore air when it had 49%, which is what you're buying. they said singapore air never could really maximize the profit potential. what can you do that singapore air could not do? is it about that access between new york and london? >> yes. and it's about geography. singapore is a long way away from london. and the traffic flows between singapore and london are light. a couple hundred people a day between singapore and london. whereas the traffic flows between the u.s. and uk for business travelers represent $2 billion in annual revenue. so it's massive. massively larger, and the geography is a lot closer. >> you're expecting approval perhaps by the middle of next year. once that happens when will you say, okay, let's modify some of the flight schedules in terms o
>> it's really about the access to the uk/u.s. marketplace. it's by far, by 200%, the largest market between europe and the u.s. and delta's had about an 8% market share. with this transaction, we get to second place with about a quarter of the market. >> a lot of people looked at singapore air when it had 49%, which is what you're buying. they said singapore air never could really maximize the profit potential. what can you do that singapore air could not do? is it about that...
256
256
Dec 27, 2012
12/12
by
CNBC
tv
eye 256
favorite 0
quote 0
i'm pondering is when you look at how much qe has taken place in japan compared to, for example, the uk, it's actually a relatively small amount. if japan tries a much larger qe event, surely we go down the route of the uk which in and of itself does not demonstrate a huge increase in inflation and a huge increase in market growth, either. >> arguably, that is one of the problems with the huge task that the boj has ahead of it. people progress in terms of growth, japan has bigger problems, much bigger problems in terms of the demographic in terms of the structural hold back. so there are a lot of sectors at play now. i think one of the names that the boj has is whether this will work or not. but if were looking at it more from a yen perspective, certainly two things are going to drive the yen are going to be the relative price of the boj balance sheets with respect to, perhaps, the fed and the ecb and the other being the jgb. >> and briefly, in summary, what are your favorite strategic calls? >> the strategic calls for us are going to be buying the rupee against the yen. we are looking
i'm pondering is when you look at how much qe has taken place in japan compared to, for example, the uk, it's actually a relatively small amount. if japan tries a much larger qe event, surely we go down the route of the uk which in and of itself does not demonstrate a huge increase in inflation and a huge increase in market growth, either. >> arguably, that is one of the problems with the huge task that the boj has ahead of it. people progress in terms of growth, japan has bigger...
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
. >> is dolmen all over the uk? >> that's correct. they're predominantly in ireland, but you look at ireland right now, they're actually going through the reforms. they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income experti
. >> is dolmen all over the uk? >> that's correct. they're predominantly in ireland, but you look at ireland right now, they're actually going through the reforms. they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again,...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
delta, more business over to the uk, lucrative business. we'll talk to the ceo of delta in a few minutes. rick santelli tracking the action at the c mulch e. what was it like today? >> it wasn't bad. we're going to give this auction a hook, an absolutely dead smack in the middle of the curve c. there's some strange inputs in this auction. $32 million yields a .327, which is exactly in the middle bitten off on wi. so pricing is fine. if you look at internals, a bid to cover -- to find a lower bid to cover they have to go back to february. if you look at direct bidding at 24.8, that is a record. that's almost twice 13%. if you look at indirect bids it's almost exactly the opposite. 22.9 well below 32% auction average and lowest since may of '07. we walk away thinking not so great. now that yield i mentioned, .327 is a record all-time low yield for the threes. after i sypher all that we come up with an average and look forward to $21 billion, ten years, early auction because of the fed decision. back to you, tyler. >> rick, thank you very much
delta, more business over to the uk, lucrative business. we'll talk to the ceo of delta in a few minutes. rick santelli tracking the action at the c mulch e. what was it like today? >> it wasn't bad. we're going to give this auction a hook, an absolutely dead smack in the middle of the curve c. there's some strange inputs in this auction. $32 million yields a .327, which is exactly in the middle bitten off on wi. so pricing is fine. if you look at internals, a bid to cover -- to find a...
155
155
Dec 4, 2012
12/12
by
CNBC
tv
eye 155
favorite 0
quote 0
we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen moving away from the 7 1/2 month high. rebounding against the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise because it's pretty much all priced in. sterling-dollar also getting a benefit. back over 1.61. so that's where we stand in european trade. let's recap the asian trading session for the first time today, when you not the last. >> thank you, ross.not the last. >> thank you, ross. shanghai composite recovered from its four year low as property financials, rebounded. shale gas and geothermal plays also rallied as beijing plans to cut its annual coal consumption target by 2015. the hang seng finished m eed marginally in the green. losses in the services sector capped the up side. in japan,
we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen moving away from the 7 1/2 month high. rebounding against the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise...
59
59
Dec 11, 2012
12/12
by
CNBC
tv
eye 59
favorite 0
quote 0
and uk for business travelers represents $2 billion in revenues. massive. >> when you look at star, skyteam, what delta is part of, versus oneworld, they are all joking to increase their market share. no word on whether this will be the case with virgin atlantic joining skyteam. don't be surprised if that ultimately happens. take a look at shares of delta enjoying a nice day today. you mentioned airline index, yes, it is trading at a one-year high. a heck of a chart up 20%. not just on the delta news but increased speculation that the usair a mulmr merger will happe the future. there's been some developments over the last few days. that's why you see the airline stocks bidding higher. >> one thing about this deal, you talk about a $360 million deal. a week ago people were talking about or last week talking about $1 billion plus. what's the difference between -- that is a huge difference between the ultimate deal? >> very huge difference. i think ultimately you look at singapore airlines, it needed to get out of this arrangement. it was not making m
and uk for business travelers represents $2 billion in revenues. massive. >> when you look at star, skyteam, what delta is part of, versus oneworld, they are all joking to increase their market share. no word on whether this will be the case with virgin atlantic joining skyteam. don't be surprised if that ultimately happens. take a look at shares of delta enjoying a nice day today. you mentioned airline index, yes, it is trading at a one-year high. a heck of a chart up 20%. not just on...
78
78
Dec 13, 2012
12/12
by
CNBC
tv
eye 78
favorite 0
quote 0
s&p 500 puts negative watch -- or negative outlook on the uk's aaa rating. you see the pound taking a pretty big hit versus the greenback on that news. you can also see, you know, our stock market's already been under, you know, a touch of weakness given maybe some of the comments out of d.c. but there's the s&p 500 down 6 points, nasdaq down as well. we're at the weakest levels of the day. that's certainly a headline to keep an eye on and the impact it's going to have in the currency markets throughout the day. >> i think that's a commentary on austerity. cameron came in and stripped austerity measures. it's been problematic. be careful how much austerity you actually induce into an economy. >>> shares of back referlackber r.i.m. trading at seven-month highs. whether the company has its mojo back. >>> we head to the trading pits to find out why gold is falling on its post-fed decision gains. we'll be right back. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will
s&p 500 puts negative watch -- or negative outlook on the uk's aaa rating. you see the pound taking a pretty big hit versus the greenback on that news. you can also see, you know, our stock market's already been under, you know, a touch of weakness given maybe some of the comments out of d.c. but there's the s&p 500 down 6 points, nasdaq down as well. we're at the weakest levels of the day. that's certainly a headline to keep an eye on and the impact it's going to have in the currency...
190
190
Dec 24, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
the uk was open. mexico's grupo bimbo -- >> it's right. >> grupo bimbo reportedly considering a bid for the hostess snack take. grupo bimbo -- >> that gets you, doesn't it? you're like in fourth grade. >> because it's -- i can't even -- >> because it says bimbo? >> i can't -- >> it's mexican, andrew. >> i know. >> you can't even get through the story because it says bimbo? >> it's been a tough morning. >> i'm going to make it tougher. >> -- considered the company an unlikely bidder because of possible -- >> as long as we're in a good mood. because you're reading grupo bimbo. i said orville redenbacher. i was wrong -- something reminded me of orville redenbach redenbacher. he did not wear -- >> it was red suspenders. >> and a red tie. >> okay. >> so we had -- did you see the popcorn guy? >> i did not see the popcorn guy. just saw the million man guy. the million mile man guy. >> i could have sworn -- i remembered a red something or other. >> i'll make you deal, how about suspenders and a bow tie on val
the uk was open. mexico's grupo bimbo -- >> it's right. >> grupo bimbo reportedly considering a bid for the hostess snack take. grupo bimbo -- >> that gets you, doesn't it? you're like in fourth grade. >> because it's -- i can't even -- >> because it says bimbo? >> i can't -- >> it's mexican, andrew. >> i know. >> you can't even get through the story because it says bimbo? >> it's been a tough morning. >> i'm going to make it...
191
191
Dec 14, 2012
12/12
by
CNBC
tv
eye 191
favorite 0
quote 0
as you can see there, the uk gilt is telling offer a little bit. yield riding to 1.78%. whether it's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately, we saw some signs of weaker demand, especially global demand in these reports. but perhaps what is consistent with what you're saying, why is it your view that that is going to happen? >> sometimes you need to pull away. you move away from the fundamentals a little bit on the month to month improvements. if you look at 2013 as a whole, the big headwinds you've had in a number of years, fiscal austerity is largely the sarp in europe year on year. 2014, that comes up quite quickly. 2013 is largely going to be the final year of the crushing deleveraging if you like on the european banks. so esse
as you can see there, the uk gilt is telling offer a little bit. yield riding to 1.78%. whether it's the bund or even yields in spain are falling as prices rise a little bit. so there is light at the end of the tunnel according to our next guest. he says the global economy is close to reaching its weakest point before recovery sets in. he's robert cohen, chief equity strategist. woke. >> good morning. >> we just heard rob doddson talking through some of these results. unfortunately,...
175
175
Dec 17, 2012
12/12
by
CNBC
tv
eye 175
favorite 0
quote 0
>> the uk at the moment is showing clear signs of recovery. i think if we can through the first quarter of nkts year, it all will be recovering. i don't care expect this to be a real turn until the second half. as we go into the second half of next year, it will become clearer. even the eurozone is recovering. within that, you'll have very much the laggards. france won't do particularly well, but germany and italy maybe next year have a potential surprise on the upside. >> how much of a surprise? >> it will not be a fast recovery. the ecb will be forced to do more, but they'll be drald dragged into it. so things will have to get worse before they act. so i don't really think -- >> what more actions? they have a t program waiting to go. what more actions are you talking about? >> the key policy rate for the ecb is likely indeed in the first quarter. they can take dpopt deposit rate negative. by the middle of next year, they'll be doing outright qe. i've been talking about this for ages. they haven't done it so maybe they won't do it. but i'm as
>> the uk at the moment is showing clear signs of recovery. i think if we can through the first quarter of nkts year, it all will be recovering. i don't care expect this to be a real turn until the second half. as we go into the second half of next year, it will become clearer. even the eurozone is recovering. within that, you'll have very much the laggards. france won't do particularly well, but germany and italy maybe next year have a potential surprise on the upside. >> how much...
52
52
Dec 5, 2012
12/12
by
CNBC
tv
eye 52
favorite 0
quote 0
we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to the highs, so keep an eye on the dollar as well. >> okay. it sounds like it's too early to call in your view. let's look at what goldman is cowling for. they're cutting their 3, 6 and 12-month targets. do you agree with those levels where you see it going long term and short term? >> jackie, you know, the numbers we have to watch right now, i don't know if i necessarily agree with those numbers. but the numbers we're looking at right now are the numbers we have covered on this show a few times. it's 1675 to 1672. that's the big support there. if we get through that, we'll see 1600,
we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to...
103
103
Dec 19, 2012
12/12
by
CNBC
tv
eye 103
favorite 0
quote 0
central bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >> i second that one, ty. >>> coming up, kayla with a very interesting app from bank of america. >> it is like the ghost of christmas future and we are all ebenezer scrooge. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva a
central bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >> i second that one, ty. >>> coming up, kayla with a very interesting app from bank of america. >> it is like the ghost of christmas future and we are all ebenezer scrooge. look, if you...
158
158
Dec 10, 2012
12/12
by
CNBC
tv
eye 158
favorite 0
quote 1
starbucks has been brought up before parliament in the uk to answer questions about why they are not keeping their tax money at home. the reason is, the tax rates are too high on corporate profit. bring them down and the taxes will stay at home and you won't have it problem at all. >> yeah, i think the real underlying problem is the bad state of the u.s. tax code that forces people it take advantage of things that are legal if not necessarily patriotic. >> these companies are following the rules. nobody is accusing them even of breaking rules. >> it is not illegal. >> we have to expect them to do exactly that. >> fix the underlie be problem and you fix this. then they might actually good to work under this country. >> we should say thank you for doing that. >> jc penney throwing in the towel on no coupons policy. 20% off on friends and family discount over the weekend. has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons,
starbucks has been brought up before parliament in the uk to answer questions about why they are not keeping their tax money at home. the reason is, the tax rates are too high on corporate profit. bring them down and the taxes will stay at home and you won't have it problem at all. >> yeah, i think the real underlying problem is the bad state of the u.s. tax code that forces people it take advantage of things that are legal if not necessarily patriotic. >> these companies are...
219
219
Dec 14, 2012
12/12
by
CNBC
tv
eye 219
favorite 0
quote 0
average per capita income in china in a way that it really isn't in a place like the united states or uk or canada. >> max, let me get your take really on the broad question of where we are in the economy and what we're seeing in terms of selling right now. are you seeing business pick up, or do you think people are sort of sitting on their hands because we're worried about so many things out there, including the fiscal cliff? >> that's a great question, maria. apple's stock performance has a lot to do with the fiscal cliff. people are painting their years to try to benchmark against the s&p and re-base their apple which many will request into in q1 at the new higher price for tax reasons. that being said, apple is a luxury product, a luxury product that hasn't fully 100% delivered on the price premium, given the sensitivity in the market and the sensitivity about dysfunction in washington, all things being equal, that's something of a headwind and we should keep in mind, too, part of the bargain hunting has to do with concerns of growth that's been lately better news but pretty marked i
average per capita income in china in a way that it really isn't in a place like the united states or uk or canada. >> max, let me get your take really on the broad question of where we are in the economy and what we're seeing in terms of selling right now. are you seeing business pick up, or do you think people are sort of sitting on their hands because we're worried about so many things out there, including the fiscal cliff? >> that's a great question, maria. apple's stock...
178
178
Dec 4, 2012
12/12
by
CNBC
tv
eye 178
favorite 0
quote 0
. >> president obama considering the "vogue" editor to be his next ambassador to france or the uk. one of the president's biggest fund raisers. anna win tour, the devil wears prada? the devil wears burberry here. >> i think this is a terrible idea. she had one of the most epic falling outs in a magazine with her vogue paris editor f she can't get along with her paris counterpart in-house how can she be a diplomat negotiating with heads of state? i don't see it. >> i think obama has to be stuck here, that he is threatening to exile the queen of american fashion. going to be completely disrupted, take out anna win tour. no regime change. >> breaking news on netflix and disney. >> netflix shares popping now on an announcement that netflix and walt disney studios announced a multiyear deal to make netflix the exclusive u.s. subscription tv service for first-run live action and animated features from the walt disney studios a big deal, netflix secured similar deals with other smaller studios, like dream works animation. disney is certainly the biggest deal of its kind, the first major s
. >> president obama considering the "vogue" editor to be his next ambassador to france or the uk. one of the president's biggest fund raisers. anna win tour, the devil wears prada? the devil wears burberry here. >> i think this is a terrible idea. she had one of the most epic falling outs in a magazine with her vogue paris editor f she can't get along with her paris counterpart in-house how can she be a diplomat negotiating with heads of state? i don't see it. >> i...
52
52
Dec 21, 2012
12/12
by
CNBC
tv
eye 52
favorite 0
quote 0
and in the uk. we've sold calls that are 5% to 10% out of the money. when you look at the combination of the options premium and dividend yield the yields are 9.5%. we like the upside particularly compared to the credit markets where although we still like high yield bonds when you look at the average price in high yield it is hard to see how you can expect a lot of price appreciation going forward. >> michael, one of our traders was pumping his fist in the air as you were saying what your strategy is. so, pete, just tell us why do you think that that option strategy that michael is using is a winning strategy for the person who is watching? >> absolutely. i mean, there's almost no long stock that i own, scott, and to the point i love the fact that you're saying that that is what, one of the ways you're implementing and actually creating that much more yield for yourself because it is exactly right. it's out there and when the opportunities are there on thes on the big explosive moves and you can sell some of that upside against potentially stepping in
and in the uk. we've sold calls that are 5% to 10% out of the money. when you look at the combination of the options premium and dividend yield the yields are 9.5%. we like the upside particularly compared to the credit markets where although we still like high yield bonds when you look at the average price in high yield it is hard to see how you can expect a lot of price appreciation going forward. >> michael, one of our traders was pumping his fist in the air as you were saying what...
110
110
Dec 3, 2012
12/12
by
CNBC
tv
eye 110
favorite 0
quote 0
volatility. 2013 we are going to see a consistent disinvestment from developed equities and bought in the uk, europe, japan and the u.s. >> i got one bet for the new year. mike o'brien is going to pick the irish over alabama in the national championship game. >> all day, every day. >> mike o'brien of jpmorgan, thanks very much. >>> don't miss david faber and his exclusive cnbc interview with charter communications chief executive officer, thomas rutledge. it will be mr. rutledge's first sitdown since taking on that role in february. shares of charter gaining more than 30 prgs ov% over a one-yea. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. >>> rhetoric heating up over the fiscal cliff. will we see a deal by christmas? that was our poll question. 28% said yes. both sides know the
volatility. 2013 we are going to see a consistent disinvestment from developed equities and bought in the uk, europe, japan and the u.s. >> i got one bet for the new year. mike o'brien is going to pick the irish over alabama in the national championship game. >> all day, every day. >> mike o'brien of jpmorgan, thanks very much. >>> don't miss david faber and his exclusive cnbc interview with charter communications chief executive officer, thomas rutledge. it will be...
97
97
Dec 6, 2012
12/12
by
CNBC
tv
eye 97
favorite 0
quote 0
going in, very heavy infrastructure and a big bet on that differential on natural gas between here, the uk, and japan staying low for a very, very long time. >> you think prices are going to remain low at least for now simply because it takes so long? it's the bureaucratic process, the time it takes to build the terminal. but once they're all in full gear, then what? >> i'm a big fan of the sequester and the rig counts dropping, building a floor here in natural gas. i think we've seen it through 2012, you're going to continue to see it through 2013. this is one more piece of the puzzle that builds a floor under there. i know it's a long-term kind of build of a floor that's going on, but you've seen the lows of natural gas for the rest of your lifetime. >> firming up pricing eventually down the road. we've seen this year and last year so many plants converted from coal to natural gas. with more and more plants using that. i guess, which back in the meantime, it's going to take so long. but let's say they stay. will americans -- could americans see higher, you know, energy bills? >> oh, yeah
going in, very heavy infrastructure and a big bet on that differential on natural gas between here, the uk, and japan staying low for a very, very long time. >> you think prices are going to remain low at least for now simply because it takes so long? it's the bureaucratic process, the time it takes to build the terminal. but once they're all in full gear, then what? >> i'm a big fan of the sequester and the rig counts dropping, building a floor here in natural gas. i think we've...
111
111
Dec 14, 2012
12/12
by
CNBC
tv
eye 111
favorite 0
quote 1
. >> you know, i'm from the uk. i still think england rules the world. everything is little in terms of england. seriously, it's had its run. it is a yield play, expensive. i think you have much better opportunities in the retail space which i do like but i think on the higher end. >> do you buy this stuff that mike duke the ceo says the fiscal cliff is hurting? i can already hear the parade of excuses coming down main street. >> right. a great excuse to have in place right now and that is the reason for the sell off. i think the sell off preempted everything. this is why this is an opportunity now. >> all right. we'll end the argument there and go to the jury. josh, who made the more compelling argument? >> simon made a really compelling argument but i think pete is right on the stock. the bottom line is this is a stock people want to own. it's not terribly expensive. technically, on a longer-term time frame than the 15-day moving average this has broken out of a massive range it has been stuck in for 12 years. i still think it works and we're long. >>
. >> you know, i'm from the uk. i still think england rules the world. everything is little in terms of england. seriously, it's had its run. it is a yield play, expensive. i think you have much better opportunities in the retail space which i do like but i think on the higher end. >> do you buy this stuff that mike duke the ceo says the fiscal cliff is hurting? i can already hear the parade of excuses coming down main street. >> right. a great excuse to have in place right...
220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing sud
markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in...
252
252
Dec 27, 2012
12/12
by
CNBC
tv
eye 252
favorite 0
quote 1
the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> even starbucks is worried about the fiscal cliff. and we'll take you live to one of those location as they launch their initiativ
the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them,...
233
233
Dec 17, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
want to bring in michelle caruso-cabrera as markets close in the uk and across europe. a lot going on. a lot in italy. >> it's an all-italian version of the european close right now, carl. mario monti, contrary to reports last week that he did not want to run for prime minister again, we now hear he's undecided, and may actually run for p.m. of the country. right now he serves technocratically. there's expected to be an election early next year, maybe in february or in march. he has told reporters that he's considering it. the cabinet member he spoke with earlier in the week said he's going to make an announcement sometime this week on television. when asked by reporters about his recent visit to the tomb of saint francis he said he did, indeed, pray there to help him make a decision about whether or not to run. a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time h
want to bring in michelle caruso-cabrera as markets close in the uk and across europe. a lot going on. a lot in italy. >> it's an all-italian version of the european close right now, carl. mario monti, contrary to reports last week that he did not want to run for prime minister again, we now hear he's undecided, and may actually run for p.m. of the country. right now he serves technocratically. there's expected to be an election early next year, maybe in february or in march. he has told...
262
262
Dec 11, 2012
12/12
by
CNBC
tv
eye 262
favorite 0
quote 0
that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking with delta ceo richard anderson, and "squawk on the street" a little later on this morning. but this is a big deal in terms of what's happening with the airlines, and that international consolidation that we've all been expecting. guys, back to you. >> before you go, real quick. how much is this going to really impact delta, singapore air, which had this stake, was unhappy ultimately, because they didn't have the control that they really needed. or thought that they needed. >> i think richard anderson believes he will have the control. also singapore airlines, many believe that it did not utilize the access to heathrow as effectively as delta will be able to in terms of flights between north america, and heathrow. so we'll have to see wh
that's all part of what goes between the uk and north america for virgin atlantic. the brand remains, guys. make that clear here. the virgin atlantic brand does not go away. what changes is that delta has a 49% stake in the company. there's going to be a press conference later this morning here in new york. we're going to be talking with delta ceo richard anderson, and "squawk on the street" a little later on this morning. but this is a big deal in terms of what's happening with the...
182
182
Dec 31, 2012
12/12
by
CNBC
tv
eye 182
favorite 0
quote 0
the market prices that you have, you're looking at a situation where governments, just like in the uk, have to come one a support mechanism to make that economically viable. so i think that's going to be the saying across the world. that is quite expensive here in europe. i don't necessarily see europe as a whole changing its mind and going from nuclear. if you take germany, for example, why did they change their mind? obviously, there were safety concerns but probably more importantly, it was to do with the ballot box. there was quite a bit of opposition, people out on the streets protesting and in the end of the days, the politicians decided to take what i considered to be a political course rather than an economic one. >> i don't think we would describe it as positively rosy just yet. we're saying that the storm clouds are listing. but as you're hinting, there are big question marks about growth in 2013, particularly in the euro area where we're not expecting very much more than a flat economy at best. key thing for the investment markets, as you know, is that gdp growth is only a
the market prices that you have, you're looking at a situation where governments, just like in the uk, have to come one a support mechanism to make that economically viable. so i think that's going to be the saying across the world. that is quite expensive here in europe. i don't necessarily see europe as a whole changing its mind and going from nuclear. if you take germany, for example, why did they change their mind? obviously, there were safety concerns but probably more importantly, it was...
199
199
Dec 18, 2012
12/12
by
CNBC
tv
eye 199
favorite 0
quote 0
europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperform just as it did last time. >> private equity firm server said it will sell the firearms conglomerate. is private equity talking about guns in the country. >> futures moving higher on optimism. the white house republicans rising above partisanship, getting closer to striking a deal on the fiscal cliff. we have the latest on not just the breakdown of this offer, but by the response of some key
europe's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of...
151
151
Dec 26, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of 2012, home builders going in 2013. >> data showing what some experts say is the slowest growth in spending since the 2008 recession. according to mastercard, spending polls units through christmas eve, retail sales rose just .7% from the year before. the national retail federation says it is forecasting a 4% jump in sales. we'll continue to get trickles of data as we progress through this last week. it is still an important week, the final week before the new year in terms of retail sales for these guys. >> historical
the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front....
301
301
Dec 24, 2012
12/12
by
CNBC
tv
eye 301
favorite 0
quote 1
facebook is accused of dodging taxes in the uk. the london "times" said they tried to hide taxes. a tablet for under $100, the journal said acer selling a $99 tablet next year. similar to the amazon kindle fire and barnes & noble nook color. >> by now, we all should certainly know about the fiscal cliff, shouldn't we. but there's another so-called cliff that's getting people's attention. brian shactman has more. >> some calling it the container cliff. negotiations broke down late last week. that could be bad news from massachusetts to texas. if there's no deal, several thousand dock workers could walk off the job at 15 ports at 12:01 a.m. on december 30th. this includes the port of new york and new jersey, which is the largest on the east coast, handling more than $200 billion worth of goods in 2011. a lot of that from china. the basic issue is this. there are container royalty fees which supplement wages. the employers want the amount capped. the dock workers do not. this is such a big deal florida governor rick scott sent a three-page letter to the president late last week urgin
facebook is accused of dodging taxes in the uk. the london "times" said they tried to hide taxes. a tablet for under $100, the journal said acer selling a $99 tablet next year. similar to the amazon kindle fire and barnes & noble nook color. >> by now, we all should certainly know about the fiscal cliff, shouldn't we. but there's another so-called cliff that's getting people's attention. brian shactman has more. >> some calling it the container cliff. negotiations...
279
279
Dec 7, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 0
the uk unit of deloitte was in charge of signing off on autonomy's financial statements also before hp bought the company in 2011. but deloitte was also paid significant fees for other work it did for autonomy like due diligence work on a potential acquisition and to many observers the multitasking is potentially an industry problem. >>> let's take a look at stocks to watch this morning. we'll start with the first one, we'll look at enbridge which at this point is not doing a whole lot. it's indicated up 0.3 of a percent. enbridge has raised its dividend by 12% and it sees strong growth in its outlook for next year. next on the list which is coming up now is cooper. cooper fourth quarter profit rising 27% on continued contact lens sales. so, this is -- there's, like, six different coopers at one point. this is the contact lens. there's cooper tire. >> different one. >> cooper company, and cooper. >> dan, when you take a look at everything that's out there, everything that's happening in the economy, what's happening with washington, what's your biggest concern? >> well, biggest concern
the uk unit of deloitte was in charge of signing off on autonomy's financial statements also before hp bought the company in 2011. but deloitte was also paid significant fees for other work it did for autonomy like due diligence work on a potential acquisition and to many observers the multitasking is potentially an industry problem. >>> let's take a look at stocks to watch this morning. we'll start with the first one, we'll look at enbridge which at this point is not doing a whole...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
concerns over the uk economy. so we'll see how investors take to what's probably going to be a loosening up of the budget targets the chancellor set when they came into power. so we'll keep our eyes on that. and at the moment today, more talks in brussels. the greeks now getting their buy back program approved 37 trying to sort out a single supervisor. i think these talks will be fairly tricky because there is a majority who bt with a tant the be supervisor for all the banks. german didn't like that. so those talks will go on longer than originally hoped. but we are marginally higher going to the u.s. open. thank you. >> kelly, thank you. i'll just call you r kelly in now. >> that's not bad. >> ross, thank you. great to see you. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male an
concerns over the uk economy. so we'll see how investors take to what's probably going to be a loosening up of the budget targets the chancellor set when they came into power. so we'll keep our eyes on that. and at the moment today, more talks in brussels. the greeks now getting their buy back program approved 37 trying to sort out a single supervisor. i think these talks will be fairly tricky because there is a majority who bt with a tant the be supervisor for all the banks. german didn't like...
214
214
Dec 17, 2012
12/12
by
CNBC
tv
eye 214
favorite 0
quote 0
aggreko, this is a power generator supplier here in the uk, down 15% after it was talking about the outlook for 2013. more muted than what certainly people had been expecting. and holcim, the world's biggest cementmaker, it's reinvesting, taking write-downs and charges in its fourth quarter in order to cut operations in most of the of its european operations down 1.3%. certainly not as much as adegreeso, but kind of a da room ter. i want to turn now to forex, show you what's happening with the euro first. over here, as you can see, we're down about .3%. that's consistent with what we're seeing across bourses. bond not all that interesting today. a bit of a mixed bag. and i'll end here, guys, on, of course, the dollar/yen. japan did have when aer being called transformative actions weekend. it still remains toes be seen whether shinzo abe is going to be the next prime minister. can it help spur the company back towards growth? remember, with currencies, it's all relative and there are a lot of other players around the world who are trying to weaken theirs, as well. so it could be an uphill c
aggreko, this is a power generator supplier here in the uk, down 15% after it was talking about the outlook for 2013. more muted than what certainly people had been expecting. and holcim, the world's biggest cementmaker, it's reinvesting, taking write-downs and charges in its fourth quarter in order to cut operations in most of the of its european operations down 1.3%. certainly not as much as adegreeso, but kind of a da room ter. i want to turn now to forex, show you what's happening with the...
173
173
Dec 18, 2012
12/12
by
CNBC
tv
eye 173
favorite 0
quote 0
the company says it's dropping legal cases in germany, the netherlands, italy, france and the uk. this comes one day after a federal judge denied a request by apple to ban u.s. sales of samsung smart phone models. the devices in questions are the ones that a jury back in august say illegally used apple technology. at that time apple had been awarded $1.1 billion in damages. >>> the markets, dow looks like it will open up about $68 points higher. s&p up about 10 points, the nasdaq up 22.5 points coming on some of this news that we may be getting closer on the fiscal cliff. let's check out what's going on in asia. hang seng was down off marginally. shanghai composite up marginally and the nikkei up as well. quickly in europe, you can take a look at what's going on there. the ftse up about 0.38%. cac flat, and the german dax up about 0.5. >> the white house is proposing a new deal to avoid the fiscal cliff. let's get to steve liesman with more of the details. >> you're surprised, aren't you? >> isn't it happening. >> soon as they want it done they can do it. >> you said it this morni
the company says it's dropping legal cases in germany, the netherlands, italy, france and the uk. this comes one day after a federal judge denied a request by apple to ban u.s. sales of samsung smart phone models. the devices in questions are the ones that a jury back in august say illegally used apple technology. at that time apple had been awarded $1.1 billion in damages. >>> the markets, dow looks like it will open up about $68 points higher. s&p up about 10 points, the nasdaq...
166
166
Dec 14, 2012
12/12
by
CNBC
tv
eye 166
favorite 0
quote 0
from the uk's stewart hughes. just $8 million. still too practical? check out this diamond encrusted blackberry bold for $1.2 million. to be fair i'm not sure they're selling that one anymore, carl. >> the 10 is still coming. maybe you can modify it for the 10. that is fabulous. take me back to the television. i assume it's only as good as the input you give it, right? if you play a standard dvd it is going to look like a standard dvd? >> that's right. it'll upscale blue ray and sony gives you a server with 10 4-k movies preloaded. it loans that out to people who buy the tv. >> all right. now the robot. did i hear you right? your face appears on the forehead? >> yeah. it's a little kind of a cross between fun and creepy. you can talk to the robot. see the person's face. >> definitely on the creepy. >> it's kind of fun to try to steer it around and, you know, i got to steer it myself when i visited the
from the uk's stewart hughes. just $8 million. still too practical? check out this diamond encrusted blackberry bold for $1.2 million. to be fair i'm not sure they're selling that one anymore, carl. >> the 10 is still coming. maybe you can modify it for the 10. that is fabulous. take me back to the television. i assume it's only as good as the input you give it, right? if you play a standard dvd it is going to look like a standard dvd? >> that's right. it'll upscale blue ray and...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
so we're firmly in recession here in the eurozone and in the uk as well. we saw services pmi come in weaker than expected. contraction territory for new orders -- this is the british chancellor today. george osbourne will be delivering his autumn statement where he's probably going to say growth isn't strong enough so we're going to not really meet our budget targets as well. all these things coming into play at the moment as we wait for the u.s. session. we did have a good piece of news, though, out of china. the new leadership saying wle do whatever it takes to maintain solid economic growth. the shanghai composite up nearly 3% today. that boosted retail stocks. we also had a spanish bond auction, prefunding for 2013. got nearly the 4.5 billion they wanted. yields in spain. the ten-year did come lower on that auction, so not a bad result. and bid to cover was okay. so spanish yields slightly higher after that. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut l
so we're firmly in recession here in the eurozone and in the uk as well. we saw services pmi come in weaker than expected. contraction territory for new orders -- this is the british chancellor today. george osbourne will be delivering his autumn statement where he's probably going to say growth isn't strong enough so we're going to not really meet our budget targets as well. all these things coming into play at the moment as we wait for the u.s. session. we did have a good piece of news,...